Amazon.com, Inc. $AMZN Shares Sold by Centricity Wealth Management LLC

Centricity Wealth Management LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,326 shares of the e-commerce giant’s stock after selling 81 shares during the period. Amazon.com makes up 1.1% of Centricity Wealth Management LLC’s investment portfolio, making the stock its 20th largest position. Centricity Wealth Management LLC’s holdings in Amazon.com were worth $1,388,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Ridgecrest Wealth Partners LLC increased its stake in shares of Amazon.com by 0.5% in the second quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock worth $1,843,000 after buying an additional 45 shares during the last quarter. Bare Financial Services Inc increased its stake in Amazon.com by 5.4% during the first quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock valued at $177,000 after purchasing an additional 48 shares during the last quarter. Heritage Oak Wealth Advisors LLC increased its stake in Amazon.com by 1.2% during the second quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant’s stock valued at $862,000 after purchasing an additional 48 shares during the last quarter. Cobblestone Asset Management LLC increased its stake in Amazon.com by 3.1% during the second quarter. Cobblestone Asset Management LLC now owns 1,673 shares of the e-commerce giant’s stock valued at $367,000 after purchasing an additional 50 shares during the last quarter. Finally, Seek First Inc. increased its stake in Amazon.com by 0.5% during the second quarter. Seek First Inc. now owns 9,156 shares of the e-commerce giant’s stock valued at $2,009,000 after purchasing an additional 50 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $217.10, for a total value of $542,750.00. Following the completion of the sale, the chief executive officer directly owned 515,507 shares of the company’s stock, valued at approximately $111,916,569.70. This represents a 0.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 2,715 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.64, for a total transaction of $601,752.60. Following the completion of the sale, the vice president directly owned 119,780 shares of the company’s stock, valued at $26,548,039.20. The trade was a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,864,716 shares of company stock valued at $2,486,013,854. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Stock Performance

AMZN stock opened at $214.47 on Friday. The company has a market capitalization of $2.29 trillion, a P/E ratio of 32.69, a PEG ratio of 1.43 and a beta of 1.28. The company has a 50-day simple moving average of $225.85 and a 200 day simple moving average of $212.38. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on AMZN shares. Wells Fargo & Company upgraded shares of Amazon.com from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $245.00 to $280.00 in a research note on Wednesday, September 24th. JMP Securities reiterated a “market outperform” rating and set a $285.00 target price on shares of Amazon.com in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Amazon.com from $230.00 to $266.00 in a research note on Tuesday, July 22nd. Barclays boosted their target price on shares of Amazon.com from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Amazon.com in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $266.26.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.